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During 2016, TEL Company engaged in the following activities: Distribution of cash dividends declared in 2015....................... $ 24Fair value of shares issued in a stock dividend ...............110Payment to retire bonds ..................226Proceeds from the sale of treasury stock (cost: $26).................... 30In TEL’s statement of cash flows, what were net cash outflows from financing activities for 2016?a. $196b. $220c. $280d. $366

During 2016, TEL Company engaged in the following activities: Distribution of cash dividends declared in 2015....................... $ 24Fair value of shares issued in a stock dividend ...............110Payment to retire bonds ..................226Proceeds from the sale of treasury stock (cost: $26).................... 30In TEL’s statement of cash flows, what were net cash outflows from financing activities for 2016?a. $196b. $220c. $280d. $366

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During 2016, TEL Company engaged in the following activities: Distribution of cash dividends declared in 2015....................... $ 24
Fair value of shares issued in a stock dividend ...............110
Payment to retire bonds ..................226
Proceeds from the sale of treasury stock (cost: $26).................... 30
In TEL’s statement of cash flows, what were net cash outflows from financing activities for 2016?
a. $196
b. $220
c. $280
d. $366

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